Finance minister Abul Hassan Mahmood Ali has proposed that general investors in the capital market pay capital gain tax from the 2024-25 financial year if their income crosses Tk聽50 lakh.
The finance minister made the proposal in the national budget for the 2024-25 financial year on Thursday.
However, if a parent or a spouse transfers shares to children or the other spouse, the tax will not be applicable, he said.
Former Bangladesh Securities and Exchange Commission chairman Faruq Ahmed Siddique said, 鈥極ur tax-GDP ratio is the lowest in South Asia. This initiative may improve the ratio.鈥�
鈥楾o make more than Tk聽50 lakh profit, an investor has to invest at least Tk聽10-15 crore. Why should such a big investor remain out of the tax net?鈥� he added.
In 2015, individual investors were exempted from paying tax on capital gains from stocks, mutual funds, bonds and debentures.
Shyamol Equity Management Ltd managing director Md Sajedul Islam said, 鈥業 think this is a good news that only the investors with a big profit margin will be under the capital gain tax rule,鈥� he said.
Earlier, at a press conference on May 28, the Dhaka Stock Exchange urged the National Board of Revenue not to impose any tax on capital gains of general investors in the upcoming national budget for the 2024-25 financial year.